Appendix 5 -- Business Case Study Tax Return Details

 

Agriculture


Business Receipts


$169,966




Interest


$56




Net Gain, Non-Capital


$883




Other receipts


$8,094




Total Income



$178,999









Cost of Operations


$93,511




Officers Salaries


$4,692




Repairs


$4,084




Bad Debts


$494




Rent


$5,501




Taxes


$4,081




Interest


$3,835




Amortization


$391




Depreciation


$7,983




Depletion


$83




Advertising


$721




Pension Plans


$281




Employee Benefits


$1,402




Net Loss - Non-Capital


$41




Other Deductions


$51,718




Total Deductions



$178,818









Net Profit



$181


 

Construction


Business Receipts


$330,778



Interest


$80



Net Gain, Non-Capital


$420



Other receipts


$1,755



Total Income



$333,033







Cost of Operations


$253,023



Officers Salaries


$11,806



Repairs


$1,537



Bad Debts


$557



Rent


$2,768



Taxes


$6,889



Interest


$2,181



Amortization


$81



Depreciation


$4,705



Depletion


$25



Advertising


$969



Pension Plans


$1,317



Employee Benefits


$2,323



Net Loss - Non-Capital


$16



Other Deductions


$36,364



Total Deductions



$324,559







Net Profit



$8,474

 

Manufacturing


Business Receipts


$908,453



Interest


$242



Net Gain, Non-Capital


$1,399



Other receipts


$6,371



Total Income



$916,465







Cost of Operations


$630,482



Officers Salaries


$32,640



Repairs


$3,950



Bad Debts


$2,311



Rent


$9,028



Taxes


$19,438



Interest


$9,374



Amortization


$1,449



Depreciation


$20,701



Depletion


$136



Advertising


$8,545



Pension Plans


$3,959



Employee Benefits


$11,196



Net Loss - Non-Capital


$123



Other Deductions


$121,021



Total Deductions



$874,353







Net Profit



$42,112

 

Transportation


Business Receipts


$499,520




Interest


$124




Net Gain, Non-Capital


$3,072




Other receipts


$6,189




Total Income



$508,905









Cost of Operations


$228,780




Officers Salaries


$15,290




Repairs


$9,248




Bad Debts


$1,930




Rent


$15,160




Taxes


$17,113




Interest


$9,231




Amortization


$2,472




Depreciation


$23,251




Depletion


$5




Advertising


$2,762




Pension Plans


$1,515




Employee Benefits


$6,227




Net Loss - Non-Capital


$188




Other Deductions


$166,103




Total Deductions



$499,272









Net Profit



$9,633


 

Wholesale


Business Receipts


$3,049,172



Interest


$372



Net Gain, Non-Capital


$2,021



Other receipts


$22,718



Total Income



$3,074,283







Cost of Operations


$2,441,496



Officers Salaries


$79,048



Repairs


$10,001



Bad Debts


$7,183



Rent


$28,650



Taxes


$39,326



Interest


$18,789



Amortization


$2,385



Depreciation


$22,844



Depletion


$24



Advertising


$14,975



Pension Plans


$7,749



Employee Benefits


$12,592



Net Loss - Non-Capital


$488



Other Deductions


$325,738



Total Deductions



$3,011,288







Net Profit



$62,995

 

Retail - General Merchandise


Business Receipts


$498,856



Interest


$8



Net Gain, Non-Capital


$50



Other receipts


$4,088



Total Income



$503,002







Cost of Operations


$341,633



Officers Salaries


$10,598



Repairs


$2,727



Bad Debts


$553



Rent


$19,635



Taxes


$10,512



Interest


$3,871



Amortization


$441



Depreciation


$4,577



Depletion


$0



Advertising


$10,929



Pension Plans


$533



Employee Benefits


$2,175



Net Loss - Non-Capital


$0



Other Deductions


$87,148



Total Deductions



$495,332







Net Profit



$7,671

 

Retail - Eating & Drinking


Business Receipts


$593,977



Interest


$22



Net Gain, Non-Capital


$823



Other receipts


$4,566



Total Income



$599,388







Cost of Operations


$242,103



Officers Salaries


$19,617



Repairs


$9,967



Bad Debts


$384



Rent


$39,142



Taxes


$25,731



Interest


$8,122



Amortization


$2,098



Depreciation


$15,515



Depletion


$7



Advertising


$18,157



Pension Plans


$464



Employee Benefits


$3,694



Net Loss - Non-Capital


$647



Other Deductions


$207,402



Total Deductions



$593,050







Net Profit



$6,338

 

Services - Hotels & Lodges


Business Receipts


$700,030



Interest


$119



Net Gain, Non-Capital


$1,819



Other receipts


$10,032



Total Income



$712,000







Cost of Operations


$131,930



Officers Salaries


$17,956



Repairs


$23,048



Bad Debts


$1,339



Rent


$39,006



Taxes


$48,623



Interest


$52,768



Amortization


$2,519



Depreciation


$51,890



Depletion


$22



Advertising


$18,198



Pension Plans


$1,190



Employee Benefits


$9,118



Net Loss - Non-Capital


$441



Other Deductions


$318,093



Total Deductions



$716,141







Net Profit



($4,141)

 

Services - Personal Services


Business Receipts


$410,392



Interest


$92



Net Gain, Non-Capital


$693



Other receipts


$6,424



Total Income



$417,601







Cost of Operations


$161,733



Officers Salaries


$31,846



Repairs


$3,219



Bad Debts


$1,371



Rent


$17,112



Taxes


$16,558



Interest


$4,131



Amortization


$1,167



Depreciation


$10,166



Depletion


$2



Advertising


$5,849



Pension Plans


$2,060



Employee Benefits


$4,322



Net Loss - Non-Capital


$118



Other Deductions


$141,129



Total Deductions



$400,783







Net Profit



$16,818

 

Services - Amusement & Recreation


Business Receipts


$463,808



Interest


$66



Net Gain, Non-Capital


$3,695



Other receipts


$14,728



Total Income



$482,297







Cost of Operations


$120,877



Officers Salaries


$33,401



Repairs


$9,436



Bad Debts


$553



Rent


$25,288



Taxes


$21,698



Interest


$11,743



Amortization


$12,754



Depreciation


$27,420



Depletion


$1



Advertising


$10,215



Pension Plans


$1,685



Employee Benefits


$3,546



Net Loss - Non-Capital


$464



Other Deductions


$191,363



Total Deductions



$470,444







Net Profit



$11,853